A report in Saturday’s Wall Street Journal indicated that “Former Trump administration officials” have been discussing “a range of proposals,” including “a long-shot assertion that the president himself should play a role in setting interest rates.” It’s hard not to laugh while typing this, but apparently “a small group of the former president’s allies” has “produced a roughly 10-page document outlining a policy vision for the central bank” such that the low-rate loving former (but perhaps future) president would be “consulted on interest-rate decisions” made by the Fed.
Where to begin?
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